23 September,2026 05:10 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
The domestic equity benchmark indices rebounded on Wednesday amid stronger domestic economic activity, crude oil prices easing below USD 100 per barrel, a possible de-escalation in the US-Iran conflict and the reopening of Strait of Hormuz.
The 30-share BSE Sensex gained 299.17 points, or 0.40 per cent, to settle at 74,828.25. The 50-share NSE Nifty jumped 117.80 points, or 0.50 per cent, to end at 23,446.80.
"Indian equities ended higher despite intraday volatility, as markets shrugged off an intraday surge in crude and focused on signs of strengthening domestic growth momentum," Vinod Nair, Head of Research, Geojit Investments said.
"However, a stronger-than-expected September flash PMI reinforced confidence in the resilience of economic activity, indicating that growth remains intact without a corresponding build-up in inflationary pressures. This constructive macro backdrop supported buying interest across the market, helping domestic equities track gains in Asian peers," he added.
From the Sensex constituents, Tata Steel, Bajaj Finance, ITC, UltraTech Cement, Power Grid and Larsen & Toubro were the major winners.
HCL Tech, Infosys, Tata Consultancy Services (TCS), Titan and Mahindra & Mahindra were among the laggards.
"Among sectors, the metal index was the top gainer, rallying 2.40 per cent, whereas media indices shed nearly 1 percent," Shrikant Chouhan, Head Equity Research, Kotak Securities said.
On Tuesday, the Sensex shed 329.91 points, or 0.44 per cent, to settle at 74,529.08, while the Nifty snapped its four-day winning streak to drop 85.30 points, or 0.36 per cent, to end at 23,329.
Brent crude, the global oil benchmark, edged up 0.35 per cent to USD 99.60 per barrel, according to news agency PTI. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,809.99 crore on Tuesday.
"Indian equities are likely to continue their gradual upmove in the near term as positive developments around a potential resolution of the war front improve sentiment. Developments in West Asia, movements in Brent crude, foreign flows and global cues will remain key near-term drivers," Siddhartha Khemka Head of Research, Wealth Management, Motilal Oswal Financial Services said.
In Asian markets, South Korea's Kospi ended higher, while Shanghai's SSE Composite index and Hong Kong's Hang Seng index settled lower. The stock market in Japan was shut for the Autumnal Equinox holiday.
(With inputs from PTI)
